Memecoins
Trump Memecoin Fails to Secure Listings: Prices Drop Significantly
The team behind a piece of money inspired by former US President Donald Trump, is grappling with significant challenges. Despite their persistent efforts, the coin has yet to be listed on major cryptocurrency exchanges such as Kraken, Bybit, and OKX.
What holds the piece together? What obstacles await us? We have some answers for you!
Registration woes weigh heavily
Developers of the official Trump meme coin are expressing frustration over their inability to get their coin listed on leading cryptocurrency exchanges. This obstacle stifles their growth potential and limits the play’s exposure to a wider audience.
Market impact
The fight to secure listings has caused notable upheaval in the coin market, with many Trump-themed tokens seeing sharp declines. For example, TRUMP saw a dramatic 31% drop to $7.46 in just four hours. Currently, TRUMP is priced at $9.30, representing a 7-day change of -28.1% and a 30-day change of -30.6%. Similarly, TRUMPIE’s current price is $0.0004919, with a 7-day change of -58.3% and a 14-day change of -76.1%.
The current price of $TRUMP is $0.008903, with a 7-day change of -5.7% and a 14-day change of -65.4%.
Biden-themed token also affected
Interestingly, BODEN, a token inspired by US President Joe Biden, was also affected. Currently priced at $0.1411, BODEN reports a negative 7-day change of -26.2% and a 14-day change of -58.3%.
The future? Uncertain
Ongoing challenges with stock listings pose a significant hurdle for Trump’s official coin. While the team continues to pursue major stock market listings, the future remains uncertain for the coin and its investors.
Read also: A Look Inside Donald Trump’s SHOCKING $32 Million Crypto Wallet
What do you think? Will the Trump meme coin overcome these obstacles? Stay tuned to Coinpedia for more updates on this.
Vignesh SG
Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a sub-editor for a leading business magazine, published in Kerala. His interest in futuristic technologies led him to join a US-based software company specializing in Web3, Blockchain and AI. This stint inspired him to consider the future of journalism through the lens of next-generation technologies. Today, he covers the crypto scene for Coinpedia, discovering a dynamic new world where technology and journalism converge.